sushimo
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One tequilla, Two Tequilla, Three Tequilla - Floor.
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Post by sushimo on Feb 10, 2009 13:42:37 GMT
Someone mentioned on TV they have been offered a fixed rate interest for 5 years of 4.5%. They were screamed down for even thinking of going for it, the reasoning being the probability interest rates will be rocketing high as a kite within 18 months. Sounds about right ot me, by then everyone will be broke anyway!
<gonna plant my money in the garden and plea poverty now>
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VikingHumpingWitch
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"My philosophy in life is keep dry and keep away from children. I got it from a matchbox."
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Post by VikingHumpingWitch on Feb 10, 2009 13:45:05 GMT
Someone mentioned on TV they have been offered a fixed rate interest for 5 years of 4.5%. They were screamed down for even thinking of going for it, the reasoning being the probability interest rates will be rocketing high as a kite within 18 months. Sounds about right ot me, by then everyone will be broke anyway! <gonna plant my money in the garden and plea poverty now> Am I missing something? If interest rates will sky rocket within 18 months then a fixed low rate for 5 years is Good isn't it? |
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ricklinc
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Nostalgia
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Post by ricklinc on Feb 10, 2009 13:47:34 GMT
Only if taxes go up. And that's up to our idiot PM. Let's see how stupid he really is.
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sushimo
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One tequilla, Two Tequilla, Three Tequilla - Floor.
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Post by sushimo on Feb 10, 2009 13:51:52 GMT
Not if you have money Vox!  |
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VikingHumpingWitch
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"My philosophy in life is keep dry and keep away from children. I got it from a matchbox."
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Post by VikingHumpingWitch on Feb 10, 2009 13:52:21 GMT
Oh hang on, are you talking savers not spenders?
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yord
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Post by yord on Feb 10, 2009 13:59:01 GMT
Right now I cant even spend money. Factories in the far east wont quote a price, even on up front payments. They have no wish to sell with currency rates that can be varying by 25% per day.They have no wish to buy in materials for production with currency rates fluctuating so widely.
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yord
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Post by yord on Feb 10, 2009 14:01:25 GMT
Once the imported stock already in the UK has been dumped off onto the consumer , the price rises you will see is going to be unbelieable.
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yord
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Post by yord on Feb 10, 2009 14:08:14 GMT
and mainly because the pound is fecking worthless
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yord
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Post by yord on Feb 10, 2009 14:15:08 GMT
anyone in the UK wanting to make triple the interest rates any bank can offer you wouldnt go wrong by putting it into a non pershible food stock
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Post by Libby on Feb 10, 2009 15:05:05 GMT
Is it just me or has anyone noticed that in spite of most things being more reasonably priced during this recession, the price of the food shop has rocketted?! So much for slashing 1000's of prices at Morrisons, Savings at Sainsbury's. Tapping your back pocket with pennies saved at Asda! No chance, it's costing far more than ever before and going up each week for basic foodstuffs not luxuries! |
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flatandy
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Post by flatandy on Feb 10, 2009 15:16:52 GMT
You should eat petrol and plasma screen TVs. Then your food bill would be falling dramatically.
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Post by saddamy on Feb 10, 2009 15:32:52 GMT
I'm a saver (non working) and haven't bought anything more than a pair of socks in the last few months. Gordy can go shxt a brick.
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Post by omnipleasant on Feb 10, 2009 15:36:35 GMT
Actually, the last few weeks is the first time I've really noticed the rise in food prices in my pocket*. Inflation is coming down but, of course, that doesn't mean prices are falling. It just means they're going up in price less fast.
*I mean, going into the supermarket and thinking "fcuk me, I can't afford as much stuff" rather than reading the rightwing press and becoming an expert on the difference between the RPI and CPI because everyone KNOWS inflation is higher than they say etc etc. What ever happened to that particular whinge, by the way?
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yord
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Post by yord on Feb 10, 2009 15:41:52 GMT
just wait till theyre asking a fiver for a loaf of bread, and they will
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Post by omnipleasant on Feb 10, 2009 15:43:55 GMT
When do you predict bread will hit a fiver a loaf then, yord?
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yord
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Post by yord on Feb 10, 2009 15:56:00 GMT
this summer if not late spring
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yord
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Post by yord on Feb 10, 2009 15:58:21 GMT
by the start of next winter you'll be pennyless
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Post by omnipleasant on Feb 10, 2009 15:59:47 GMT
It's roughly a quid now, so to get to a fiver, it will have to increase 500% in the space 6 months.
So you are saying inflation will rise from 3% to 1000% in the next few weeks?
I'll give you any odds you like against that happening.
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VikingHumpingWitch
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"My philosophy in life is keep dry and keep away from children. I got it from a matchbox."
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Post by VikingHumpingWitch on Feb 10, 2009 16:04:30 GMT
"Betting that yord's talking out of his hole" might be a recession beater. And gives yord something to do with all the money that far Eastern people aren't interested in taking.
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yord
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Post by yord on Feb 10, 2009 16:08:38 GMT
the pound is worth sod all and has zero way of recovering.500% is nothing and it will be surprizing if it dosnt go miles higher.
Of course Im talking out my hole, fortunately talking out my hole has made me enough not to be concerned over either the price of bread or trying to strech saving into lasting several months.
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